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Tuesday, 8 March 1932

Accounts of the British American Company for the year to 30th September last are to hand by this week's mail from Loudon. Net profit was £6,501,560, or £143,788 more than for 1928-29. Dividend on the ordinary shares again is 25 per cent., and takes £5,895,180. Preference capital was increased in the year by an issue of £6,000,000, and dividend on preference shares requires £555,000.

Profits shown do not include the proportion of the undivided revenue of the subsidiary and associated companies. Sir H. Cunliffe-Owen, one of the directors of the British-American Tobacco Company, is on the board of the British Tobacco Company (Australia) Limited, Melbourne.

In the Melbourne Herald of the 14th January, 1930, the following report appeared : -

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